Karachi, Pakistan Oxygen Limited (POL), a prominent player in the industrial gases sector, has announced the rescheduling of its Board of Directors meeting that was originally slated for August 22, 2023. The purpose of the meeting was to review and discuss the Financial Statements of the company for the half-year and quarter ended June 30, 2023. The rescheduled meeting will now take place on August 25, 2023.

This decision to reschedule the meeting was made in order to ensure a comprehensive and thorough review of the financial statements. The company recognizes the significance of accurate financial reporting and wishes to allocate adequate time for the board to make informed decisions based on the financial data.

In accordance with this rescheduling, Pakistan Oxygen Limited has also extended the previously declared closed period. The closed period, which was initially set to end on August 22, 2023, has now been extended to August 25, 2023. This extension adheres to the provisions outlined in clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations.

During the closed period, the company's directors, CEO, and designated executives are strictly prohibited from any direct or indirect dealings in shares of the company. This regulation ensures that all trading activities are conducted fairly and transparently, preventing any potential conflicts of interest.

The rescheduling of the board meeting and the extension of the closed period reflect Pakistan Oxygen Limited's commitment to maintaining the highest standards of corporate governance and financial reporting. The company's dedication to accuracy, transparency, and compliance further solidifies its reputation in the industry and the market.